847-780-8063
401 W Ontario St, Chicago, IL for Sale
Loft/Creative Space - FOR SALE
1/27
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401 W Ontario St
Chicago, IL 60654
River North


HIGHLIGHTS

  • Rare opportunity to acquire a loft office building in River North zoned as of right for multifamily or mixed-use conversion
  • Located steps from the Kennedy Expressway, and nearby multiple public transit routes
  • Neighboring retailers include East Bank Club, CVS/Pharmacy, Target, Binny’s Beverage Depot, UPS Store, Ascend Cannabis, 7-Eleven, and Mixed Greens
  • Underground parking garage on the lower level of the building

OVERVIEW

RECEIVERSHIP SALE: 401 West Ontario Street is a 48,000 SF multi-tenant office building, extremely well located in Chicago's River North neighborhood. The building is zoned DX-7 and is 65% occupied, presenting a value-add opportunity via lease-up / stabilization or multifamily / mixed-use conversion. Strategically located in River North, featuring a dense and affluent neighborhood with a population over 104,000 and an average household income of over $182,000 within one (1) mile of the Property, the building sits just one (1) block west of the Ontario/Ohio feeder ramps, presenting an opportunity for strong return on investment and value appreciation over time.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

DX-7

APN/PARCEL ID

17-09-128-004-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.